Get access to our best features
Get Started
Subscribe
Israeli-Palestinian Conflict
NFL
Baseball
2024 US Election
US Economy
Donald Trump
US Politics
Joe Biden
US Crime
US Social Issues
Republican Party
Senate
Columbia University
Get access to our best features
Get Started
Published 1 year ago

Orr admits Reserve Bank engineering recession, warns cutting wage demands needed

Summary by Ground News
Reserve Bank Governor Adrian Orr lavished bad news on MPs at his appearance before Parliament's finance and expenditure committee on Thursday morning. He said the bank was deliberately engineering a recession to bring down inflation. Orr offered an olive branch of sorts, but this was also bad news: one of the ways of avoiding recession is for everyone to trim back wage demands.

0 Articles

All
Left
Center
Right
NZ HeraldNZ Herald

Orr admits Reserve Bank engineering recession, warns cutting wage demands needed

Reserve Bank says trimming pay demands one of the only ways out of recession.

1 year ago·Auckland, New Zealand
Read Full Article
StuffStuff

Adrian Orr admits Reserve Bank is 'deliberately engineering recession'

But he suggests economic contraction could still be avoided if people start behaving differently.

1 year ago·New Zealand
Read Full Article
Otago Daily TimesOtago Daily Times

Orr admits Reserve Bank engineering recession

Reserve Bank governor Adrian Orr. Photo: NZ Herald Reserve Bank Governor Adrian Orr lavished bad news on MPs at his appearance before Parliament’s finance and expenditure committee this morning, noting that the central bank was deliberately engineering a recession to bring down inflation.

1 year ago
Read Full Article
NewshubNewshub

Reserve Bank Governor Adrian Orr apologises as NZ braces for economic suffering, admits purposely engineering recession

"We are deliberately trying to slow aggregate spending in the economy."

1 year ago·New Zealand
Read Full Article
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe
Ground News Article Assistant
Not enough coverage to generate an Article Assistant.

Bias Distribution

  • 67% of the sources lean Left
67% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

Similar News Topics

Reserve BankReserve Bank
OceaniaOceania
EconomyEconomy
Trending Topics
Ground News logo
US
App Store IconPlay Store Icon
CompanyAboutHistoryMissionBlogTestimonialsGroup SubscriptionsSubscribeGiftFree TrialCareersAffiliates
HelpHelp CenterFAQContact UsFor Educators/LibrariesMedia Bias RatingsOwnership and Factuality RatingsReferral CodeNews SourcesTopics
ToolsAppBrowser ExtensionDaily NewsletterBlindspot Report NewsletterBurst Your Bubble Newsletter
DonatePrivacy PolicyManage CookiesTerms and Conditions
© 2024 Snapwise Inc.
News
For You
Search
BlindspotLocal